Germania’s failure threatens German market

The German Airline operated more than 800,000 air seats to Spain in 2018, of which 40% were off season.

Germania Airlines was declared insolvent in Berlin courts on February the 4th. This sudden news has generated a big impact on top holiday destinations in Spain, due to the fact that Germany is the key market. The Company had scheduled more than 745,000 air seats for the upcoming 2019, which have now disappeared suddenly, leaving the uncertainty of whether another operator can cover them.

In 2018, Germania’s total Air Capacity for Spain’s airports was about 817,134 seats. It flew mostly from Nuremberg, Bremen and Münster airports, although Germania was also present in other important airports like Berlin Tegel.

The most affected Spanish destinations are the Balearic and Canary archipelagos, and specifically these airports: Palma de Mallorca (Germania’s air capacity in 2018 was 349,304 air seats), Las Palmas de Gran Canaria (129,407), Fuerteventura (118,122) and Tenerife Sur (95,387).

Per month, those which had more capacity in 2018 were July and August, with 88,505 and 89,763 air seats respectively. However, it should be noted that 40% of Germania’s air seats (382,234) were currently off season. This was considered a very important achievement considering the expected seasonality model present in a lot of holiday destinations in Spain.

In 2018, 42% of air seats to Palma de Mallorca (more than 147,000) were scheduled during off season, (from January 1 to April 30, and from September 1 to December 31).

Regarding the Canary Islands, considering that the season peak is in the winter-spring months, (from October 31 to April 1), Germania’s capacity off season represented 49.42% (195,579 air seats).

Both archipelagos will be affected, since Germania was responsible for more than 72,000 air seats in 2018, of which 42% belonged to the winter period.

The Air Capacity estimated in 2019 for Spanish airports was 745,335 air seats. The monthly and destination distribution was similar to the one shown in 2018. It is therefore a major concern as to what is going to happen with the seats which have already been sold. At the same time it raises a new challenge for destinations that want to recover connectivity during off season.

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